Description
Established in 2017, Agro Kings Limited is a fast-growing agro-processing company with a focus on farming, agro-processing, and agri-tech. The company is Ghanaian owned, operated, and incorporated under the laws of Ghana. Through customer management and careful development of inventory, they have grown exponentially over the past four years.
Market Opportunity/ Problem
Only about 40% of the country’s rice demand is met by domestic production. Rice imports meet the remaining 60%. With a huge area of inland valleys and swamps, Ghana has the potential to expand its rice production. However, this resource can only be utilized if its inland valleys and swamps are properly exploited. The fast-growing demand for rice is driving interest in expanding Ghana’s own rice production, and the government is looking to ban rice importation by 2025. The company also seeks to become the preferred rice choice, processor, and producer of rice and other agricultural products in the Western African Sub-Region.
Company Information
Years of operation
4
Type of organization
Private company
Stage of the business
Early stage/ Startup
Agribusiness focus
Other
Agriculture value chain(s) focus?
Other
Primary country of operation
Ghana
Other country(ies) of operation
How many employees does your business have?
32
Does the business have more than 30% women ownership?
Yes
Does the business have more than 30% youth ownership (under 35 years)?
Yes
Financing and expansion overview
How much capital is the company currently fundraising (US$)?
>1m
What is the split between equity and debt?
24% in equity, 30% in debt, and 46% in grants